Samsung profits decline

For three years, Samsung was able to increase consistently in the third quarter; however, that growth has suddenly abruptly stopped. While the company’s revenue only managed to expand by less than 3% over the same time the previous year, this stop results in an operating profit decline of approximately 32%

The South Korean company anticipates its operating profit to be about KRW 10.8 trillion (roughly $) and it’s aggregated sales to be around KRW 76 trillion (roughly $). The company’s operating profit has decreased by 31.7% year over year even though its sales have climbed by 2.73%. In the last three years, this is the first earnings drop for the corporation.

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